mdrmlogo-300x81Modern Mobility Aids, Inc is a development-stage alternative medicine company that was formerly a distributor of mobility products. The company is currently based in Nevada, USA, but it focuses on the Canadian medical marijuana industry, particularly in the development and production.

The company started out in 2007, when it was founded and incorporated as Glider, Inc. In 2010, it changed its name to Modern Mobility Aids, Inc. The company’s previous business was distributing mobility devices, such as walkers and wheelchairs, to the Russian market.

Today, as it works its way into the cannabis industry, Modern Mobility Aids, Inc is traded in the US OTC markets under the symbol MDRM. It has a market cap of USD 3.77 M.

With its new focus on medical marijuana, the company has established a wholly owned marijuana subsidiary named the MDRM Group Canada Ltd. It will handle the company’s intended marijuana operations in Canada, such as acquisitions, joint ventures, and agreements with herbal producers.

The MDRM Group has made some recent progress, which includes the closing of its agreement with Easton Pharmaceuticals, Inc. Easton is a Canadian pharmaceutical company whose development projects include medical marijuana. The agreement between Easton and MDRM allows Easton to purchase up to 49% of a medical marijuana company which is still unnamed.

Aside from this, Modern Mobility Aids is considering other industry investments, including some in licensed US suppliers. One of the recent investments of the company is its purchase of a 50% interest in Green Calyx, Inc, a Canadian cultivator.

Modern Mobility Aids, Inc is led by CEO Kenneth R. Pinckard and President and CFO Preston J. Shea. Alongside them are Dr. Baseer U. Khan as the Chairman of the Medical Advisory Committee and the Chief Medical Director, and Gilbert S. Sharpe as Executive Advisor.


Yahoo! Finance: MDRM News

Latest Financial News for MDRM

Modern Mobility Aids Inc Announces Filing of Certification on Form 15 to Suspend Its Reporting Obligations Under Section 15(d) of The Securities Exchange Act of 1934

TORONTO, ON / ACCESSWIRE / October 16, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the "Company"), has filed Form 15(d) with the US Securities and Exchange Commission to terminate being a reporting Issuer. "The costs and management time consumption associated with filing Annual and Quarterly Audited reports are prohibitive", advised Tito DiMarco, President of the company. "We are directing our expenditures and management resources to the operations of the company without having to focus throughout the entire year on filing reports that have no present positive influence on the progress of the company" Mr. DiMarco added.

Modern Mobility Aids, Inc. Shares Their Unique Global Vision and Invites Cannabis Entrepreneurs From Around The Globe

TORONTO, ON / ACCESSWIRE / September 20, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the ''Company'') The Company is looking to create an umbrella organization for cannabis entrepreneurs by applying ...

Modern Mobility Aids, Inc. Terminates LOI with 2539296 Ontario Limited

TORONTO, ON / ACCESSWIRE / May 31, 2018 / Modern Mobility Aids, Inc. (OTC PINK: MDRM) (the ''Company''), announced today that the Company and 2539296 Ontario Limited mutually agreed to terminate the Letter of Intent between them dated October 12, 2017. ''MDRM will renew and strengthen it's commitment to the company's core business plan to develop medical cannabis related businesses in Canada and globally and we are reviewing opportunities in the continuously developing Cannabis industry ''stated Tito Dimarco, CEO. Modern Mobility Aids, Inc. is a development stage company that focuses on the health and wellness bio medical industry including production of medical marijuana.